“Rising interest rates coupled with soaring construction cost inflation have seen prices increase but the uncertainty surrounding the office investment market has led to caution among investors.
As sales of residential rental complexes to international funds are on the wane, developers of apartment complexes are looking to alternative ways of getting their money back. Latest figures from JLL show that residential property investment deals slumped in the first six months of this year to less than €428.6 million. That’s almost half the €815.6 million achieved in the corresponding period of the previous year and less than one-third of the €1.47 billion achieved in the first half of 2021.”
Residential developers pivot to lettings after investment market slumps
